strong growth (organic and by acquisition)

management suggesting no need for further cap raises which is good given the share price. Wonder if this might be ‘jawboning’ intended to induce a rise in SP at which point they can raise. That said, does seem to be close to cash flow neutral… at least on operating costs.

what are people’s thoughts on the need for further raises?

 Spectur Limited (ASX:SP3) Quarterly Activities Report

ASX Announcement | 31 July 2023

Highlights:

• Spectur Group revenue including entities acquired in Q3 (“Group”, including Spectur NZ and 3 Crowns Technologies) was $7.438m for FY23, up 31% on FY22 revenue of $5.828m.

• Recurring revenue for FY23 increased to $5.244m for the Group, up 57% on FY22 recurring revenue of $3.329m.

• Cash reserves at end of Q4 FY23 of $1.523m, with only $6k net cash used in operating activities for the Quarter.

• Strong sales performance in June 2023 ($641k), the highest month in FY23.

• Successful launch of STA-Power as an independent product and new product line.

• Profit focussed strategy set for FY24.

Join a live online briefing with MD Gerard Dyson on Tuesday 8th August at 1pm (AEST). Register here or request a recording.

Outdoor sensing, thinking and acting solutions and platforms company Spectur Limited (ASX: SP3) (“Spectur” or the “Company”) is pleased to report on its activities for the quarter ended 30 June 2023 (Q4 FY23 or the Quarter).

Full year revenue performance

FY23 full year financial results for Spectur Group now include part year contributions from 3 Crowns Technologies Pty Ltd (3CT, acquired in February 2023) and 100% share of Spectur New Zealand Limited (SNZ, acquisition of the final 49% occurring in March 2023). Group revenue was $7.438m.

Revenue for Spectur stand-alone (i.e. excluding 3CT or SNZ) was $6.900m, up 18% on FY22 revenue of $5.828m.

 Recurring revenue for Spectur stand-alone was $3.948m for FY23, up 18% on FY22 recurring revenue of $3.329m. FY23 delivered recurring revenue for the Group of $5.244m.

Spectur stand-alone FY23 Q4 recurring revenue ($1.016m) declined slightly from Q3, due to the cessation of some longer-term rental contracts (with associated data subscription plans) and some one-off subscription services in Q3.

A more detailed breakdown of revenue, expenses and earnings across entities will be provided in full year reporting.

Cashflow and Cash Balance

Notable elements of the Q4 FY23 cashflows for the Group were:

Cashflow from operating activities

$6k of net cash was used by the Group in the course of operations, with $12k attributable to Spectur and $25k used by Spectur NZ. 3CT generated $32k of net cash. Notable elements of operating cashflows include;

• $2.449m of receipts from all customers in the Quarter.

• Redundancy costs of $52k following rationalisations upon acquisition (not expected to be

repeated).

Cashflow from investing activities

• $18k of adjustment costs for the acquisition of 3CT increasing overall acquisition cost to $868k.

Cashflow from financing activities

• $500k of additional share capital was raised from a placement during the Quarter, of which

$450k was used to pay down debt owed to EGP Capital.

 Net cash usage across the Group was $95k for the quarter, the majority of which was related to investment activities. The Group cash balance at 30 June 2023 was $1.523m. The residual debt balance with EGP capital is $650k, repayable by 31 December 2024 in cash and/or by the issue of SP3 shares.

The chart below illustrates quarterly net cashflows over time.

Sales Performance

June was the highest sales month of the financial year with total sales of $642k. This was the third largest month of sales in the Company’s history and the largest ever June month. Sales comprised $536k of purchased equipment with significant portions from NSW ($243k) and SA ($213k). As of 21 July 2023, month to date sales had reached $462k, marking an excellent start to the new financial year. In addition to these sales, 3CT also successfully closed $282k of long-term contract renewals as of 21 July 2023 across multiple customers, including expansion of scope and price increases.

 Full year sales for Spectur and Spectur NZ totalled just over $4.7m, representing a 14% increase on the FY22 sales results.

The Quarterly results were solid, noting that the excellent June sales followed the more subdued months of April and May and an overall softer H2 compared with H1. The new momentum since June appears to have reversed this trend.

Sales Forecast

Opportunities in the near term are consistent with our published strategy.

We expect ongoing growth in South Australia following our investment in establishment last year. Take up in the local and state government space has been healthy and consistent with our focus around making communities safer.

We have several current opportunities of substance which incorporate the combined 3CT and Spectur entities. These opportunities bring together access to broader data sets than just cameras and include additional AI applications including coastal and ocean analytics, smart city applications, people counting, number plate solutions and more. The modular Spectur ecosystem is increasingly effective at managing workflows and external AI partners, enabling more comprehensive and broader solutions for customers.

Our push into the reseller space continues to build momentum with substantial opportunities in the sales pipeline for customers in the security and hire space. Spectur uniquely provides a fully integrated and proven solution for these customers to purchase and deploy. Reseller training and marketing collateral, and pending updates in the Spectur cloud applications and user interface, will provide additional assistance and functionality for these customers to manage and deploy their fleets independent of the Spectur support team.

Through the acquisition of 3CT, Spectur’s dominant position on Australian beaches has increased. Recent sales of our LARA (Lifeguard Activity Reporting Assistant) platform are complementing the deployment of our hardware and helping make our communities safer. Ongoing deployments of our beach hardware have continued and with the support of federal, state and local governments along with Surf Life Saving entities, additional deployments are expected in the future.

The recent launch of the Spectur STA-Power has been

successful, with system performance and customer

satisfaction exceeding expectations. In addition to powering

Spectur sensing, thinking and acting platforms, recent

“standalone” sales have commenced, and the associated

sales pipeline is building. Applications from third parties have

included powering of remote IoT sensors, LoRaWAN

gateways, noise monitoring, bespoke camera and AI devices

(non-Spectur), lighting and more. Customers in this space are also increasingly seeking to leverage the Australia and New Zealand – wide network of warehouses and field services technicians that Spectur has in place, to support installation, removal and ongoing maintenance of hardware.

 Rollout of core technology for our existing customers in the utilities space continues, with an increase in revenues from this space expected in Q1 FY24. Spectur also expects to add additional customers in the telecommunications space.

Spectur is pleased to announce that we are now an approved preferred supplier on the WALGA (Western Australian Local Government Association) “Information and Communication Technologies” Panel for the “CCTV, hardware, systems and networks” scope of services. This Preferred Supplier status for the local government sector carries an assurance of high quality, optimal value and full regulatory compliance demonstrated through a rigorous and independent tendering process. Participation in this panel provides a faster and easier way to support WA councils with our solutions.

It is noted that Spectur also has written approval for the Queensland, Northern Territory and Tasmanian Local Buy programs, subject to agreement on final terms.

Strategy scorecard

Spectur raised capital in July and August 2022 to fund the execution of our growth plan. Key milestones achieved included:

• Expansion of our reseller market, including supporting technology, training and marketing collateral.

• Establishment of our full-time South Australian presence, including the delivery of sales and revenue.

• Building out the marketing platform and increasing the depth of expertise in sales and marketing with a key recruit.

• Researching and visiting the USA to investigate market opportunities and build a market entry strategy (currently paused to allow focus on the current “profit” strategy).

• Substantially rebuilding the cloud infrastructure and DevOps environment, and designing a completely new hardware ecosystem (STA-Power, HD6, STA6s, STA6-240X and STA7) to support scaling, improve performance and modularity, reduce costs and improve margins.

• Acquiring 3CT and full ownership of Spectur NZ. 3CT delivered a technology stack, team and customer base that was complementary to Spectur, accelerating our progress in all these areas.

These initiatives, along with a series of debt reduction, productivity, cost control and operational improvements made throughout FY23 have positioned Spectur with a scalable platform for growth, improved margins and reduced overhead costs.

FY24+ Strategy

Spectur‘s strategy is firmly focused on achieving consistent profitability and cashflow self-sustainment. The investments in the foundations built in FY23 and years prior will be leveraged to demonstrate the long-term operational viability of the current Spectur ecosystem, prior to expanding into new markets, geographies or other strategic initiatives. Key themes for FY24, consistent with this approach, are:

 • Prioritise the reseller initiative, expanding the number of sales channels and increasing leverage of the existing business infrastructure.

• Drive integrated Spectur and 3CT solutions, to increase value to existing customers and customer sectors whilst broadening and deepening the technology moat from alternatives.

• Maintain focus on construction, government and utilities, in addition to resellers. Test at small scale our nascent mining and AI reseller customer groups.

• Integrate the technology stack (as appropriate) of Spectur and 3CT, with a focus on reliability, modularity, customer experience and cost-to-serve.

• Improve our user interface to support and delight larger customers and resellers in particular; and

• Drive a culture of operational excellence and productivity improvement to maintain and improve gross margins whilst constraining overhead growth.

Executive commentary

Spectur Managing Director, Gerard Dyson, said:

“After a year of substantial investment in our future, it is pleasing to return a net operating cash consumption of only $6k for Q4 FY23. We believe we are at turning point. An overhead budget smaller than the prior year, a substantial improvement in gross margins built off the back of improved technology and reduced 3rd party costs, and a growing order book underpin a very different FY24.

“Notwithstanding that Q1 brings an additional pay-run and one-off expenses, we are expecting FY24 to bring improved cash and earnings performance from prior years. Budget and forecast numbers suggest that we will not need to raise equity for working capital purposes with the current operating model.”

“The new technology that we have deployed in the latter half of FY23 and into Q1 FY24, combined with our upgraded cloud and pending UI improvements, are expected to support further improvements in customer retention, account growth and new customers.

“The always-iconic Spectur hardware has taken a large step forward on the back of careful industrial design to improve functionality, reduce cost to build and support, and substantially improve our physical brand presence.”

“The Board and Executive of Spectur are excited about delivering a strategy focussed on execution and incremental improvement to drive to profitability as a key milestone in our growth story.”

Investor Briefing

Managing Director Gerard Dyson will be holding a live and online investor briefing on Tuesday 8th August at 1pm (AEST), where he will discuss the quarterly, the Company’s progress and plans for the future.

Register for the briefing or request a recording here.

 Corporate Matters

During Q4 FY23 Spectur raised $0.5 million via the issue of 25 million fully paid ordinary shares to some its largest existing shareholders at 2c per share. The funds were primarily used to reduce the loan with EGP Capital as well as provide a working capital buffer. The loan was also restructured during the period with a repayment extension to 31 December 2024 and currently stands at a principal of $650,000.

Spectur Chair Darren Cooper agreed to take 100% of his Director fees in Spectur fully paid ordinary shares for the 6-month period from 1 April 2023 to 30 September 2023. The number of shares to be issued will be calculated at the volume-weighted average price for shares traded each month over the period, with shareholder approval for the issue of shares to be sought at the 2023 Annual General Meeting.

Disclosure under Listing Rule 4.7C.3 – Payments to Related Parties and their Associates During the Quarter

Salary Paid to Managing Director Non-Executive Director Fees Paid Superannuation Paid to Directors Total Payments to Related Parties

Ends.

$

72,000 36,167 13,046 121,213

This ASX release is authorised by the Board of Directors of Spectur Limited

For further information, please contact:

Spectur Limited

Gerard Dyson – Managing Director p: +61 (08) 9414 9059

e: investors@spectur.com.au

Reach Markets

Sophie Bradley – IR Executive p: 1300 805 795

e: IR@reachmarkets.com.au

 To stay up to date on company news and announcements, register your details on the Spectur investor portal.

About Spectur Limited

Spectur Limited (ASX:SP3) is an Australian-based developer and manufacturer of security, surveillance, warning, environmental monitoring and AI solutions and platforms, powered by solar, IoT [Internet of Things], camera and cloud-based technology. The Company owns the rights to its innovative hardware and disruptive cloud-based systems which are deployed to provide solutions to industries including government and utilities, and the building, construction and civil sector. The Company fully owns the Three Crowns Technologies Limited and Spectur New Zealand Limited entities.

Spectur’s core products are solar-powered warning, deterrence, surveillance, environmental monitoring and AI systems and associated cloud-based platforms. These systems incorporate cameras, lighting, audible warnings and a hardware IoT platform, remotely accessed and connected via 3G/4G or satellite technology to a cloud-based platform. The cloud platforms include data ingestors and repositories, workflow managers, reporting tools and AI solutions.

 Spectur has nearly 40 employees across Australia and New Zealand, with offices in Brisbane, Sydney, Melbourne, Adelaide, Perth and Auckland. The company services more than 600 active customers with close to 3,000 camera systems currently deployed.

The Company design, codes, manufactures, sells, installs and maintains our hardware and software technology – providing a single point of contact able to configure to suit customer needs.

To learn more, please visit: www.spectur.com.au

Forward Looking Statements

This announcement contains forward-looking statements which are subject to elements of uncertainty, risk and other factors which could cause the actual results or outcomes to differ materially from those stated. These statements are based on an evaluation of current economic, contractual and operating conditions, as well as assumptions regarding future events. These events are, as at the date of this announcement, expected to take place, but there cannot be any guarantee that such events will occur as anticipated, when anticipated or at all given that many of the events are outside Spectur’s control.

Accordingly, neither Spectur nor any of its directors, officers, employees, contractors or agents, gives any assurance that the results, performance or achievements expressed or implied by the forward- looking statements contained in this announcement will occur as and when anticipated.

Only a small buy but an on market but nevertheless

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Spectur Limited ABN 79 140 151 579

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Appendix 3Y Change of Director’s Interest Notice

 Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

  Name of Director Gerard John Dyson Date of last notice  24 January 2023

Part 1 - Change of director’s relevant interests in securities

Direct and Indirect

29 - 30 May 2023

Fully paid ordinary shares

400,000 Fully paid ordinary shares

-

Appendix 3Y Page 1

  In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be

disclosed in this part.

Direct or indirect interest

Date of change

Class

Number acquired Number disposed

+ See chapter 19 for defined terms. 01/01/2011

 Nature of indirect interest

 Note: Provide details of the circumstances giving rise to the relevant interest.

(including registered holder)

 Gerard John Dyson and Chantel Yvette Dyson ATF The Dyson Investments 2 Trust

Mr Dyson is a trustee and beneficiary of the Dyson Investments 2 Trust

  No. of securities held prior to change

  Indirect

3,002,461 Fully paid ordinary shares

1,377,777 Unquoted options (Ex $0.13, $0.066) 8,763,522 FY23 MD Performance Rights 6,000,000 FY23 MD Service Rights

Appendix 3Y

Change of Director’s Interest Notice

Value/Consideration $9,200.00 Note: If consideration is non-cash, provide details and estimated

valuation

  No. of securities held after change

 Indirect

3,402,461 Fully paid ordinary shares

1,377,777 Unquoted options (Ex $0.13, $0.066) 8,763,522 FY23 MD Performance Rights 6,000,000 FY23 MD Service Rights

  Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

Nature of change

  On market purchase.

 Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract N/A Nature of interest

Name of registered holder (if issued securities)

Date of change

Interest acquired

Interest disposed

    No. and class of securities to which

  Note: Details are only required for a contract in relation to which the interest has changed

interest related prior to change

   Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change Part 3 – +Closed period

Were the interests in the securities or contracts detailed No. above traded during a +closed period where prior written clearance was required?

If so, was prior written clearance provided to allow the trade

to proceed during this period?

If prior written clearance was provided, on what date was this provided?

+ See chapter 19 for defined terms. Appendix 3Y Page 2

Value/Consideration

        01/01/2011

Social signalling as optus ups their spend:

I think this is immensely valuable (not the dollars) at Spectur’s stage of the game

 ASX Announcement | 28 February 2023

Spectur’s Statement of Works with Optus near-doubles to over $2 million via new Variation Order

Highlights

• Spectur has received an updated Statement of Works through a Variation Order for the existing Statement of Works from Optus Fixed Infrastructure Pty Ltd (Optus) for $956k.

• The value of the amended Statement of Works is now $2,023,758.

• MD Gerard Dyson will hold an online investor briefing this Thursday 2nd March at 12pm (AEDT) to discuss this announcement, half year results and the recent acquisition of 3 Crowns Technologies. Register here or request a replay.

Tuesday 28 February 2023: Solar security, sensing and visual AI solutions and platforms company Spectur Limited (ASX: SP3) (Spectur or the Company) is very pleased to announce the signing of an updated Statement of Works for Goods and Services (SoW) through the receipt of a Variation to Statement of Work (VA) from Optus Fixed Infrastructure Pty Limited (Optus) for $956k. This brings the value of the amended Statement of Works to $2.02 million.

The original 5-year term Master Supply Agreement (MSA) and 2-year term SoW that operated within this MSA were signed and disclosed in an ASX announcement on 18 November 2021.

The key contracts include:

• A Master Supply Agreement (MSA) (base terms and Goods & Services Module) with Singapore Telecommunications Limited (Singtel), for a 5 year term.

• A Statement of Works (SoW) that operates within this MSA, applying to Singtel Optus Pty Limited (Optus) assets within Australia, for a 2 year term.

The MSA was originally due to expire on 16 November 2026 and the SoW on 16 November 2023. The VA document summarises the changes to an updated SoW (Appendix A) and predominantly:

• Extends the term of the SoW to 31 December 2025

• Updates the Goods and Services to reflect optimised practices and updated technology

• Updates the pricing and works schedules

• Updates the Estimated Value under the SoW from $1,068,140 to $2,023,785 (an increase of

$955,645)

The updated SoW extends the multi-year rollout of Spectur hardware, services and software subscriptions to protect and service remote assets of Australian telecommunications leaders; Optus and Australia Tower Networks.

It is expected that Purchase Orders will be issued in the near term, which will comprise a subset of the additional $956k added to the SoW.

 Executive commentary

Spectur Managing Director, Gerard Dyson, said:

“Spectur commenced supporting Optus and associated companies (e.g. Australia Tower Networks) in 2020. Over this time we have continued to work with Optus to improve and update our hardware, software and reporting systems, to suit their operations. This relationship and the positive impact that Spectur solutions have had in reducing theft, vandalism and disruption, has led to a continuation and expansion in the deployment of Spectur platforms.”

“A key part of our strategy is to grow our income from institutional contracts. We see this step-up in our engagement with Optus as a validation of the return on investment that we can deliver for bluechip customers.”

“This Variation Order, which we will not record as a sale until the Purchase Orders are received, comes hot on the heels of a record start to sales in 2023. January and February sales results have continued the month on month growth that we saw in H1 and underpin our confidence in ongoing strong revenue growth for the balance of the financial year.”

Join a briefing

MD Gerard Dyson will hold an online investor briefing this Thursday 2nd March at 12pm (AEDT) to discuss this announcement, half year results and the recent acquisition of 3 Crowns Technologies.

Register or request a replay here: https://spectur.investorportal.com.au/investor-briefing/ Ends.

This ASX release is authorised by the Board of Directors of Spectur Limited

 For further information, please contact:

Spectur Limited

Gerard Dyson – Managing Director p: +61 (08) 9414 9059

e: investors@spectur.com.au

Reach Markets

Sophie Bradley – IR Executive p: 1300 805 795

e: IR@reachmarkets.com.au

 To stay up to date on company news and announcements, register your details on the Spectur investor portal.

About Spectur Limited

Spectur Limited (ASX:SP3) is an Australian-based developer of security, surveillance and warning solutions powered by solar, IoT [Internet of Things], camera and cloud-based technology. The Company owns the rights to its innovative hardware and disruptive cloud-based systems which are deployed to provide solutions to industries including government and utilities, and the building, construction, and civil sector.

Spectur’s core products are solar powered warning, deterrence and surveillance systems and associated cloud-based platforms. These systems incorporate cameras, lighting, audible warnings, and a hardware IoT platform, remotely accessed and connected via 3G/4G technology to a cloud-based platform. The

 offering is complemented by a longer distance, 24-hour thermal camera deterrence solution, suitable for customers with long perimeters.

Spectur is used and trusted by small business to multinationals and the Company is currently implementing a strategic growth plan to build market dominance in the Australian government and utilities sector to meet demand for innovative, remote camera and IoT solutions.

To learn more, please visit: www.spectur.com.au Forward-Looking Information:

 This announcement contains forward-looking information that is based on Spectur’s expectations,

 estimates and projections as of the date on which the statements were made. This forward-looking

 information includes, among other things, statements with respect to Spectur’s business strategy,

 plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and

 expectations, negotiations, and product/service development. Generally, this forward-looking

 information can be identified by the use of terminology such as ‘outlook’, ‘anticipate’, ‘project’,

 ‘target’, ‘potential’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’,

 ‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’ and similar expressions. Persons reading this

 announcement are cautioned that such statements are only predictions, and that Spectur’s actual

 future results or performance may be materially different. Forward-looking information is subject to

 known and unknown risks, uncertainties and other factors that may cause Spectur’s actual results,

 level of activity, performance or achievements to be materially different from those expressed or

 implied by such forward-looking information.

  Term of Agreement

Value of Contract

APPENDIX A

Singtel / Optus - Material Information

• The Base MSA terms expire on 16 November, 2026 • The SoW expires 31 December, 2025.

• Current SoW is for $2,023,758 • Schedule of rates contract

  Nature of products and services

  • Spectur designed and built hardware;

• field services including installation, relocation and

maintenance at sites located across Australia;

• monitoring services;

• software subscriptions.

  Other material information

  • Spectur to deliver in response to Purchase Orders under this SoW.

Interesting on the back of recent discussions (or more accurately my ramblings) on here to see Gerard Dyson acquiring shares.

That said, I read this as a small number acquired on market ~$20k compared with a lot of performance rights.

Let me know I’ve read that wrong though…

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Spectur Limited ABN 79 140 151 579

Appendix 3Y Change of Director’s Interest Notice

 Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

 Name of Director Gerard John Dyson Date of last notice  8 September 2022

Part 1 - Change of director’s relevant interests in securities

  In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be

disclosed in this part.

Direct and Indirect

23 January 2023

Direct or indirect interest

Date of change

 Nature of indirect interest

 Note: Provide details of the circumstances giving rise to the relevant interest.

(including registered holder)

 Gerard John Dyson and Chantel Yvette Dyson ATF The Dyson Investments 2 Trust

Mr Dyson is a trustee and beneficiary of the Dyson Investments 2 Trust

  No. of securities held prior to change

 Indirect

2,217,734 Fully paid ordinary shares

1,377,777 Unquoted options (Ex $0.13, $0.066)

  Class

  Fully paid ordinary shares FY23 MD Performance Rights FY23 MD Service Rights

  Number acquired

 784,727 Fully paid ordinary shares 8,763,522 FY23 MD Performance Rights 6,000,000 FY23 MD Service Rights

 Number disposed

  -

  + See chapter 19 for defined terms. 01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director’s Interest Notice

 Note: If consideration is non-cash, provide details and estimated valuation

Value/Consideration

Nil – individual valuations contained in Notice of Annual General Meeting 24 October 2022

 No. of securities held after change

 Indirect

3,002,461 Fully paid ordinary shares

1,377,777 Unquoted options (Ex $0.13, $0.066) 8,763,522 FY23 MD Performance Rights 6,000,000 FY23 MD Service Rights

  Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

Nature of change

  Issue of Fully Paid Ordinary Shares, Performance Rights and Service Rights Under the Spectur Employee Incentive Plan, as approved by Shareholders at the 2022 Annual General Meeting.

  Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract N/A Nature of interest

Name of registered holder (if issued securities)

Date of change

Interest acquired

Interest disposed

    No. and class of securities to which

  Note: Details are only required for a contract in relation to which the interest has changed

interest related prior to change

   Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change Part 3 – +Closed period

Were the interests in the securities or contracts detailed No. above traded during a +closed period where prior written clearance was required?

If so, was prior written clearance provided to allow the trade

to proceed during this period?

If prior written clearance was provided, on what date was this provided?

+ See chapter 19 for defined terms. Appendix 3Y Page 2

Value/Consideration

        01/01/2011

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

SPECTUR LIMITED

ABN

79140151579

1. Cash flows from operating activities

1.1 Receipts from customers

1.2 Payments for

(a) research and development Note a

(b) product manufacturing and operating

costs Note a

(c) advertising and marketing

(d) leased assets

(e) staff costs

(f) administration and corporate costs

1.3 Dividends received (see note 3)

1.4 Interest received

1.5 Interest and other costs of finance paid

1.6 GST paid

1.7 Government grants and tax incentives (R&D)

1.8 Other (Customer Deposits)

1.9 Net cash used in operating activities

Quarter ended (“current quarter”)

30 SEPTEMBER 2022

1,707

(23) (841)

(82) - (1,177) (346) - - (31) (56) - -

(849)

1,707

(23) (841)

(82) - (1,177) (346) - - (31) (56) - -

(849)

-

Rule 4.7B

     Consolidated statement of cash flows

  Current quarter $A’000

  Year to date (3 months) $A’000

    Note a: Only includes direct costs paid to third parties. All staff costs are shown as “staff costs”.

2. Cash flows from investing activities

2.1 Payments to acquire or for:

(a) entities -

(b) businesses -

(c) property, plant and equipment (4)

(d) investments -

(e) intellectual property

(f) other non-current assets

ASX Listing Rules Appendix 4C (17/07/20)

+ See chapter 19 of the ASX Listing Rules for defined terms.

  - (4) - - - - -

Page 1

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

  Consolidated statement of cash flows

  Current quarter $A’000

  Year to date (3 months) $A’000

 2.2 Proceeds from disposal of:

(a) entities -

(b) businesses -

(c) property, plant and equipment -

(d) investments -

(e) intellectual property -

(f) other non-current assets -

2.3 Cash flows from loans to other entities (28)

2.4 Dividends received (see note 3) -

2.5 Other (provide details if material) -

2.6 Net cash used in investing activities (32)

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities

(excluding convertible debt securities) 3,012

3.2 Proceeds from issue of convertible debt - securities

3.3 Proceeds from exercise of options -

3.4 Transaction costs related to issues of (311) equity securities or convertible debt

securities

3.5 Proceeds from borrowings 400

3.6 Repayment of borrowings (2)

3.7 Transaction costs related to loans and - borrowings

3.8 Dividends paid -

3.9 Repayment of Lease liabilities (40)

3.10 Net cash from financing activities 3,059

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1 Cash and cash equivalents at beginning of

period 630

- - - - - -

(28) - -

(32)

3,012 -

- (311)

400 (2) -

- (40)

3,059

630 (849)

(32) 3,059

Page 2

                      4.2 Net cash from / (used in) operating activities (item 1.9 above)

4.3 Net cash from / (used in) investing activities (item 2.6 above)

4.4 Net cash (used in) / from financing activities (item 3.10 above)

ASX Listing Rules Appendix 4C (17/07/20)

+ See chapter 19 of the ASX Listing Rules for defined terms.

(849) (32) 3,059

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

  Consolidated statement of cash flows

  Current quarter $A’000

 Year to date (3 months) $A’000

  4.5

4.6

 Effect of movement in exchange rates on cash held

Cash and cash equivalents at end of period

  -

  -

 2,808

 2,808

 5. Reconciliation of cash and cash equivalents

at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

  Current quarter $A’000

  Previous quarter $A’000

 5.1 Bank balances

5.2 Call deposits

5.3 Bank overdrafts

5.4 Other (provide details)

5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)

6.1 Aggregate amount of payments to related parties and their associates included in item 1

6.2 Aggregate amount of payments to related parties and their associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

2,808 630 - - - - - -

 2,808

 630

    6. Payments to related parties of the entity and their associates

Current quarter $A'000

   119

  -

   ASX Listing Rules Appendix 4C (17/07/20)

+ See chapter 19 of the ASX Listing Rules for defined terms.

Page 3

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

   Total facility amount at quarter end $A’000

  Amount drawn at quarter end $A’000

 7. Financing facilities

Note: the term “facility’ includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (chattel mortgage)

7.4 Total financing facilities

7.5 Unused financing facilities available at quarter end

1,100 1,100

- -

62 62

1,162 1,162

-

     7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

  We have the following financing arrangements in place:

• VW Finance at an interest rate of 3.4% and secured by motor vehicles.

• EGP Capital – line fee of 3% and interest rate of 7%. This facility is in place from 1 July 2021 to 31 December 2023. Spectur Ltd have also issued 2.25 million unquoted

options to EGP Capital exercisable at $0.12 on or before 31 December 2023.

 8. Estimated cash available for future operating activities

8.1 Net cash from / (used in) operating activities (item 1.9)

8.2 Cash and cash equivalents at quarter end (item 4.6)

8.3 Unused finance facilities available at quarter end (item 7.5)

8.4 Total available funding (item 8.2 + item 8.3)

8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1)

$A’000

 (849) 2,808 - 2,808

   Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5.

8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

ASX Listing Rules Appendix 4C (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms.

3

    Answer: N/A

    Answer: N/A

    Answer: N/A

1

2

Date:

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

This statement gives a true and fair view of the matters disclosed.

............ 17 October 2022.......................................................................

 Compliance statement

Authorised by: .............. The Board of Directors......................................................

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

 ASX Listing Rules Appendix 4C (17/07/20) Page 5 + See chapter 19 of the ASX Listing Rules for defined terms.

Finally caught up on the meeting! Thanks so much @Strawman for this updated interview. I get that this is a serious micro cap but I find Gerard quite’s case quite compelling.

Also appreciated the emphasis on low liquidity and care with orders although I’m hoping in the long term 10-20% here or there will get lost in the gains! Definitely going to keep watching. Held IRL

Gerard Dyson presented today and my takeaways were as follows:

• Management see this more as a growth land grab type scenario than a bootstrap growth to income type approach
• That said they expect with margins of 50-60% that they would be breakeven when they reach 10 million revenue (roughly speaking)
• The approach to the US will be conservative perhaps with small investment in one trial area to begin with (not betting the farm on it)
• Management's incentives are aligned with shareholders (Gerard hasn't been given a share and has had to buy on market) and incentives are according to Gerard aligned with long term growth
• 'Well capitalized and not going to need more raises'? Did he really say this? Seems like a bold claim

Overall I found it pretty positive will probably buy IRL into the SPP (~1%of total investment portfolio)

Gerard Dyson presenting today (link below)

Flicked through the slide deck and didn't see any mention of costs, cashflows, even EBITDA...?

Of course the opportunity seems big but am I missing something? I don't see them addressing the question of profitability?

They did mention that they would like to get there in their quarterly activity statement on 25th July but I'd like some detail...

I'll try to get to Gerard's presentation today

Spectur Limited (ASX:SP3) Investor Presentation

ASX Announcement | 2 August 2022

Highlights

• Unweighted sales pipeline grows to $10.3m at 31 July 2022 (weighted $3.5m), underpinning

expectations of continuing growth into FY23.

• Successful placement of $1.86m in July, Securities Purchase Plan to raise $500k now open to

shareholders, closing 5pm (WST) Wednesday 3rd August 2022.

• Join Managing Director Gerard Dyson for a live investor briefing on Tuesday 2nd August at

12pm (AEST). Register: https://spectur.investorportal.com.au/investor-briefing/

Solar security, sensing and visual AI solutions and platforms company Spectur Limited (ASX: SP3)

(“Spectur” or the “Company”) is pleased to lodge an updated investor presentation.

Managing Director Gerard Dyson will be holding a live investor briefing on Tuesday 2nd August at 12pm

(AEST) to discuss the Company’s progress. A copy of the investor presentation to be used is attached to

this announcement.

Register: https://spectur.investorportal.com.au/investor-briefing/

Ongoing growth in sales pipeline

Spectur’s unweighted pipeline of sales opportunities was $6.8m at the end of Q3, $8.35m at the end

of Q4 and $10.3m at 31 July 2022. At 31 July 2022, the probability weighted pipeline1 was $3.5m - up

from $3.35m at the end of Q4 and $2.82m at the end of Q3. This corresponds to more than 50%

growth in unweighted pipeline in 4 months and 24% growth in weighted pipeline over a similar period.

Overall growth since consistent reporting commenced in May 2021 is shown in the chart below.

1 The methodology through which Spectur probability-weights its sales pipeline was disclosed via ASX announcement on 30 August 2021.

The recent increase in sales pipeline is related to submitted tenders for large utility projects which

have been assigned 10% weighting (less than usual weighting). Other well-advanced items in the sales

pipeline include opportunities related to beach safety, large construction projects and transportation

projects.

Capital raising activities

On 19 July 2022, Spectur announced a placement of $1.862m with sophisticated and institutional

investors, followed by a Securities Purchase Plan (SPP) to raise $500k that enables existing

shareholders to participate in securing additional funds under the same terms as the placement. The

terms of the Placement and the SPP Offer will also entitle applicants to receive one free-attaching

unquoted option for every two Shares subscribed, each entitling the holder to acquire one Share at

an exercise price of A$0.066 within two years from issue (Bonus Options).

Any remaining Shares and corresponding Bonus Options not taken up by Eligible Shareholders under

the SPP Offer (Shortfall) will be made available by way of a separate offer under the Prospectus

(Shortfall Offer). The Shortfall Offer will be open to the public, including Eligible Shareholders who

wish to apply for Shares above their maximum allocation under the SPP Offer ($30k).

These funds will be deployed to accelerate the growth of the business towards EBITDA and cash

breakeven. Particular applications of the funds are to:

• finance market expansion across South and regional Australia;

• globalisation and modular platform development;

• expansion of the current marketing program, including research into a USA market entry;

• purchase of additional inventory to mitigate supply chain risk; and

• associated raising costs and working capital.

Applications for the SPP close on Wednesday 3rd August 2022.

Shareholders may request an electronic copy of their personalised SPP Application Form by registering

here: https://spectur.investorportal.com.au/register-spp/

The Company has appointed Reach Corporate Pty Ltd as Lead Manager. If you have any questions

on the Offer, please contact them on advisers@reachmarkets.com.au or 1300 805 795.

Join a briefing

Join Spectur Managing Director Gerard Dyson for a live and interactive investor briefing on Tuesday

2nd August at 12pm (AEST) where he will provide a company update.

Click here to register for the session: https://spectur.investorportal.com.au/investor-briefing/

Ends.

This ASX release is authorised by the Board of Directors of Spectur Limited

For further information, please contact:

Spectur Limited Reach Markets

Gerard Dyson – Managing Director Sophie Bradley – IR Executive

p: +61 (08) 9414 9059 p: 1300 805 795

e: investors@spectur.com.au e: IR@reachmarkets.com.au

To stay up to date on company news and announcements, register your details on the Spectur investor

portal.

About Spectur Limited

Spectur Limited (ASX:SP3) is an Australian-based developer of security, surveillance and warning

solutions powered by solar, IoT [Internet of Things], camera and cloud-based technology. The Company

owns the rights to its innovative hardware and disruptive cloud-based systems which are deployed to

provide solutions to industries including government and utilities, and the building, construction and

civil sector.

Spectur’s core products are solar powered warning, deterrence and surveillance systems and associated

cloud-based platforms. These systems incorporate cameras, lighting, audible warnings and a hardware

IoT platform, remotely accessed and connected via 3G/4G technology to a cloud-based platform. The

offering is complemented by a longer distance, 24-hour thermal camera deterrence solution, suitable

for customers with long perimeters.

Spectur is used and trusted by small business to multinationals and the Company is currently

implementing a strategic growth plan to build market dominance in the Australian government and

utilities sector to meet demand for innovative, remote camera and IoT solutions.

To learn more, please visit: www.spectur.com.au

Spectur Limited (ASX:SP3)

Investor briefing, August 2022Disclaimer

This document has been prepared as a summary only and does not contain all information

about Spectur Limited’s (the “Company’s”) assets and liabilities, financial position and

performance, profits and losses, and the rights and liabilities attaching to the Company’s

securities. This document should be read in conjunction with any public announcements and

reports (including financial reports , third party studies and disclosure documents) released

by the Company.

The release, publication or distribution of this presentation in certain jurisdictions may be

restricted by law and therefore persons in such jurisdictions into which this presentation is

released, published or distributed should inform themselves about and observe such

restrictions.

This presentation does not constitute, or form part of, an offer to sell or the solicitation of an

offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any

jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this

presentation in any jurisdiction in contravention of applicable law.

This document does not purport to be complete and is for informational purposes only: it does

not represent financial advice. Persons needing advice should consult their stockbroker, bank

manager, solicitor, accountant or other independent financial advisor.

Certain statements made in this presentation are forward-looking statements. These forward-

looking statements are not historical facts but rather are based on Spectur Limited’s current

expectations, estimates and projections about the industry in which Spectur Limited

operates, and its beliefs and assumptions. Words such as “anticipates”, “expects”, “intends”,

“plans”, “believes”, “seeks”, “estimates” and similar expressions are intended to identify

forward -looking statements.

Although the Company believes that its expectations reflected in the forward-looking

statements are reasonable, such statements involve risk and uncertainties and no assurance

can be given that actual results will be consistent with these forward-looking statements.

These statements are subject to known and unknown risks, uncertainties and other factors,

some of which are beyond the control of Spectur Limited, are difficult to predict and could

cause actual results to differ materially from those expressed or forecast in the forward-

looking statements. Spectur Limited cautions shareholders and prospective shareholders not

to place undue reliance on these forward-looking statements, which reflect the view of

Spectur Limited only as of the date of this presentation.

The forward-looking statements made in this presentation relate only to events as of the date

on which the statements are made. SpecturLimited will not undertake any obligation to

release publicly any revisions or updates to these forward-looking statements to reflect

events, circumstances or unanticipated events occurring after the date of this presentation

except as required by law or by any appropriate regulatory authority.

2About

SpecturWe make communities safer in remote and

unpowered areas by providing the only surveillance

solution that can sense a problem, make a decision

and take an action – without a cabled connection.

Our Mission

4• Surveillance solutions that don’t need people, power or data cables

• End-to-end solution, using AI to sense, think and act

• Unique technology – #1 alternative to “do nothing and wear consequences”

• Proof of concept in Western Australia & growing rapidly

• Sizeable market opportunity to roll out in ANZ and US

Who we are

5

The

challenges

we solve

6

How to improve safety and

security in off-the-grid settings?

• Trespassing

• Theft

• Illegal dumping

• Hooligans

• Bushfire

• Vandalism

• Floods

• Tsunamis

• Shark attacks

• Earthquake

Pain points

• Increasing frequency and

consequences of events

• Peoples’ sensitivity to risk growing

• Many areas where current

solutions fail

No People No Data Cable No Power CordMore threats impacting everyday life in Australia

1: https://www.abc.net.au/news/science/2022-03-10/floods-nsw-queensland-climate-change-worst-ever-natural-disaster/100894956

2: https://www.insidewaste.com.au/index.php/2019/06/21/opinion-australias-80m-illegal-rubbish-dumping-issue-tackled-through-tech/

3: https://www.abc.net.au/news/2021-06-08/copper-theft-leaves-2000-without-power-kingston-cold/100198596

Source for articles: ABC News

7

• Natural disasters getting more frequent and worse1 :

• 2019 Black Summer Bushfires: $2.5bn+

• 2022 VIC, QLD Floods: $2.5bn+

• Crime has a real-life impact:

• In 2021 copper theft left 2,000 households in SA

without power3

• $80m clean-up cost for illegal dumping in 20192

Hey guys

I saw @suttree thoughts on the cap raise but keen for others thoughts too… I purchased a tiny bundle of these shares a few months ago and now have the opportunity to buy in to the cap raise…

I guess given I wasn’t planning to invest more before I’m leaning towards steering clear. Even though the discount is significant in percentage terms with such a ‘penny dreadful’ and the recent slide in SP it may be a bit of a false economy…

any big bulls on Spectur out there?